BITSTAMP:BTCUSD   Bitcoin
Hello fellow traders, this chart just shows the zone I am looking at entering back in. BTC loves the .618. (3k to 14k was a .618 retrace if you draw your fib from the ATH to the 3k zone it dropped to) This area also should act as a strong support zone since it was previously strong resistance. so 40-42k to me looks like a good entry. Preferably, it would be nice to see a bullish engulfing candle form at this area to confirm that this is the end of our current downfall. Also it is healthy to see the daily RSI and MFI regain some control. Let me know what you guys think! :)
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